5 ms·

It's crazy how many adults think regulation is free, especially here. All consuming vague regulations like GDPR increase the cost of a startup by 500%. Europe s

It's crazy how many adults think regulation is free, especially here. All consuming vague regulations like GDPR increase the cost of a startup by 500%. Europe should have just banned startups entirely. It would have the same effect. Imagine being a college student with 240 hours and $1,000 to release an MVP over the summer. How long would it take to read GDPR yourself, 100 hours? How much would it cost to hire a lawyer verify that your startup meets GDPR guidelines, $5,000? It would be almost impossible for any young person to start a business. GDPR was obviously a failure from the start. Anyone who couldn't see that has a child's understanding of business. Grow up.

Ylpertnodi 10mo ago
> All consuming vague regulations like GDPR increase the cost of a startup by 500%. Source?
- omnimus 10mo ago
  I would say it's a lot more than 500%. If your business is based on doing things that are illegal under GDPR then the cost of doing that startup is close to infinite. But that's kinda the point of GDPR.
  - Telaneo 10mo ago
    This. Sure, it's X% more difficult to do Y in Europe, because Europe doesn't want you to do Y, either at all, or unless you clean up after yourself so the costs aren't just eaten up by the environment or whatever, or unless you do it without causing harm. That's not a problem. That's the system working as intended. Sure, Europe doesn't have it's own Microsoft, probably because of regulations like this, but I don't want Europe to have its own Microsoft, because Microsoft, for the most part, sucks.
    - aerhardt 10mo ago
      > That's not a problem. That's the system working as intended. You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"? Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen?
      - Telaneo 10mo ago
        > You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"? For values of, yes. Things obviously aren't perfect, but I at-least generally prefer them over their proposed alternatives. I find they have made things better. > Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen? From the article: > Under intense pressure from industry and the US government, I think that says what needs to be said. And my opinion is that they shouldn't yield to US government and industry interests, since they clearly aren't the same as European interests.
        tick_tock_tick 10mo ago
        I mean Europe doesn't really get to make the choices when it comes to the USA because of their hilarious practice of hamstringing themselves. If that was the goal it definitely worked.
        aerhardt 10mo ago
        Draghi's recommendations to roll back regulations had nothing to do with purported special interests, but with his view that regulation was stifling European development. And he's as old guard Euro-establishment as they come.
      - omnimus 10mo ago
        I think what they mean is that what EU in general kinda knows that for various they won't be able to make their version of money machine big tech. So why not to try different path? The individual laws will always be flawed because there is huge pressure to make them flawed by corps and lobby that want's to exploit them. But if you ask anyone in europe on the street they have no sympathy for big tech. If anything they want stronger GDPR and more of it.
    - frikskit 10mo ago
      Europe does have Microsoft. Actually, it has Microsoft in almost every single respect except the primary beneficial ones: taxes, employment and oversight.
      - Telaneo 10mo ago
        Yes, and I wish we'd give them the boot for not following the relevant regulations.
    - tim333 10mo ago
      Europe having its own Microsoft might be better than Europe having to use the US one and sending it like $100/user/yr in whatever subscription they've tricked them into.
      - Telaneo 10mo ago
        Europe doesn't have to use the US one. It's been the easier choice historically, but there's little beyond inertia forcing Europe to stick to Microsoft. Not that that inertia isn't nothing though.
        omnimus 10mo ago
        There is also political lobby and even more importantly local businesses that are build around microsoft. From one person to huge companies all exist to support microsoft. It would be extremely costly to retrain/regear everyone involved. So the inertia is huge.

Ylpertnodi 10mo ago

> All consuming vague regulations like GDPR increase the cost of a startup by 500%. Source?

omnimus 10mo ago
I would say it's a lot more than 500%. If your business is based on doing things that are illegal under GDPR then the cost of doing that startup is close to infinite. But that's kinda the point of GDPR.
- Telaneo 10mo ago
  This. Sure, it's X% more difficult to do Y in Europe, because Europe doesn't want you to do Y, either at all, or unless you clean up after yourself so the costs aren't just eaten up by the environment or whatever, or unless you do it without causing harm. That's not a problem. That's the system working as intended. Sure, Europe doesn't have it's own Microsoft, probably because of regulations like this, but I don't want Europe to have its own Microsoft, because Microsoft, for the most part, sucks.
  - aerhardt 10mo ago
    > That's not a problem. That's the system working as intended. You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"? Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen?
    - Telaneo 10mo ago
      > You really think that supra-national legislators regulating the fine-print of unfathomably complex systems manage to have everything working "as intended"? For values of, yes. Things obviously aren't perfect, but I at-least generally prefer them over their proposed alternatives. I find they have made things better. > Why do Draghi or the EC want to roll back this mess then, other than the evident loss of competitiveness respective of the blocs who did not do this? Was that intended or foreseen? From the article: > Under intense pressure from industry and the US government, I think that says what needs to be said. And my opinion is that they shouldn't yield to US government and industry interests, since they clearly aren't the same as European interests.
      - tick_tock_tick 10mo ago
        I mean Europe doesn't really get to make the choices when it comes to the USA because of their hilarious practice of hamstringing themselves. If that was the goal it definitely worked.
      - aerhardt 10mo ago
        Draghi's recommendations to roll back regulations had nothing to do with purported special interests, but with his view that regulation was stifling European development. And he's as old guard Euro-establishment as they come.
    - omnimus 10mo ago
      I think what they mean is that what EU in general kinda knows that for various they won't be able to make their version of money machine big tech. So why not to try different path? The individual laws will always be flawed because there is huge pressure to make them flawed by corps and lobby that want's to exploit them. But if you ask anyone in europe on the street they have no sympathy for big tech. If anything they want stronger GDPR and more of it.
  - frikskit 10mo ago
    Europe does have Microsoft. Actually, it has Microsoft in almost every single respect except the primary beneficial ones: taxes, employment and oversight.
    - Telaneo 10mo ago
      Yes, and I wish we'd give them the boot for not following the relevant regulations.
  - tim333 10mo ago
    Europe having its own Microsoft might be better than Europe having to use the US one and sending it like $100/user/yr in whatever subscription they've tricked them into.
    - Telaneo 10mo ago
      Europe doesn't have to use the US one. It's been the easier choice historically, but there's little beyond inertia forcing Europe to stick to Microsoft. Not that that inertia isn't nothing though.
      - omnimus 10mo ago
        There is also political lobby and even more importantly local businesses that are build around microsoft. From one person to huge companies all exist to support microsoft. It would be extremely costly to retrain/regear everyone involved. So the inertia is huge.